Heritage Family Cemetery Inc
- Assets
- $5.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 62-1868261
Organization Overview
Heritage Family Cemetery Inc is located in Johnson City, TN. The organization was established in 2002. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Family Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Heritage Family Cemetery Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISPOSAL OF HUMAN REMAINS BY BURIAL OR CREMATION, INCLUDING SALES OF RELATED MERCHANDISE AND MAINTENANCE OF THE CEMETERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE 1,234 BURIALS DURING THIS PERIOD, AND SERVICES FOR 1,374 FUTURE BURIALS WERE SOLD DURING THIS PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler W Tetrick President | Officer | 40 | $324,200 |
Eric Mondrage Vice President | OfficerTrustee | 40 | $100,336 |
Sid Oakley Director - Secretary | Trustee | 1 | $2,000 |
Larry Jeter Treasurer | Trustee | 1 | $2,000 |
Richard Tetrick Director | Trustee | 5 | $2,000 |
Karen Vance Director | Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,823,388 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,825,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $32,672 |
| Other employee benefits | $11,943 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,688 |
| Fees for services: Accounting | $12,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,124 |
| Office expenses | $39,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,435 |
| Insurance | $59,344 |
| All other expenses | $613,691 |
| Total functional expenses | $4,873,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,385,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,309,839 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $724,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,404 |
| Total assets | $5,676,861 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $150,786 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,788,599 |
| Total liabilities | $3,939,385 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,737,476 |
| Total liabilities and net assets/fund balances | $5,676,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cave Hill Cemetery Company Louisville, KY | $67,001,142 | $12,381,029 |
Bellefontaine Cemetery Association St Louis, MO | $166,331,381 | $12,820,734 |
Heritage Family Cemetery Inc Johnson City, TN | $5,676,861 | $3,825,994 |
Lexington Cemetery Company Lexington, KY | $150,406,302 | $9,017,874 |
Hollywood Cemetery Company Richmond, VA | $75,373,663 | $7,154,053 |
National Association Of Cemeteries Sterling, VA | $15,757,973 | $3,923,939 |
The Westview Cemetery Inc Atlanta, GA | $12,289,399 | $4,446,360 |
Elmwood Cemetery Memphis, TN | $12,394,095 | $1,802,174 |
Highland Cemetery Inc Ft Mitchell, KY | $23,478,166 | $5,931,885 |
Spring Hill Cemetery Association Lynchburg, VA | $15,390,416 | $4,913,871 |
Forest Hills Cemetery Assn Chattanooga, TN | $10,196,719 | $1,009,652 |
The Raleigh Cemetery Association Raleigh, NC | $12,061,266 | $1,437,460 |